S&P 500 Closes Lower for a Third Session; Dow Ekes Out Gain
Lawsuits
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NEW YORK-- Shares of Intuitive Surgical Inc. rose Friday after a jury ruled the company did not owe damages to the family of a patient who suffered complications following a surgery performed with Intuitive's da Vinci robotic system. It was the surgeon's first solo procedure using the da Vinci system.
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The U.S. Equal Employment Opportunity Commission sued Bloomberg LP on Thursday, alleging the news service had discriminated against pregnant employees by cutting their pay and demoting them.
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A union filed a shareholder lawsuit against Moody's on Wednesday claiming the rating agency did not tell investors it "assigned excessively high ratings" to bonds backed by subprime mortgages.
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A U.S. federal court jury found that Vonage infringed on six Sprint Nextel patents, according to Sprint spokesman Matt Sullivan.
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A California appeals court on Tuesday declined to reinstate a long-running case against the Walt Disney over royalties it paid for its popular Winnie the Pooh character.
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Four out of five businesses worldwide have been hurt by some type of corporate fraud in the last three years, according to a survey commissioned by risk consultant Kroll.
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Prosecutors reached a plea deal earlier this week with Weiss's former partner, William Lerach, who along with Weiss helped shape the class-action legal industry and its pursuit of corporations for alleged wrongdoing.
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Northrop, Cogent settle lawsuit
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L'Oreal, the world's largest cosmetics group, has launched legal action against eBay, alleging the online auctioneer does not do enough to combat the sale of counterfeits, the company said on Monday.
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CNBC has learned that Maurice "Hank" Greenberg has received a subpoena from the SEC and will be giving his first deposition as part of the SEC’s continuing investigation into what role, if any, he played in alleged accounting improprieties at American International Group.
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Merck said Thursday the New Jersey Supreme Court has reversed a lower court ruling that had granted nationwide class-action status to insurers seeking reimbursement for past spending on Vioxx, the drugmaker's withdrawn arthritis treatment.
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The Securities and Exchange Commission said Wednesday that Saks Inc. has agreed to settle a lawsuit that Saks Fifth Avenue understated sales to some vendors and didn't record markdowns properly, inflating its earnings.
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Mid-America Pipeline Company has pleaded guilty to negligently releasing about 200,000 gallons of ammonia into a Kansas creek.
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Chevron Corp., on trial here for allegedly failing to clean up billions of gallons of toxic wastewater in the Ecuadorean jungle, on Monday criticized the judge presiding over the case for creating "obstacles" to a fair trial.
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A U.S. court dismissed some claims in a lawsuit filed by Johnson & Johnson over its failed bid for Guidant.
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Wachovia Bank, a unit of Wachovia, has sued Thornburg Mortgage for breach of contract over the mortgage lender's failure to pay it $5.1 million.
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A state judge in Michigan has sided with Wal-Mart Stores and dismissed a lawsuit by former marketing executive Julie Roehm over her firing, saying the case should be filed in Arkansas.
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Sprint Nextel stands to lose a $2 billion investment in a new phone feature if a court bars Qualcomm from making the necessary chips, Qualcomm executives told the court on Thursday.
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A group of reporters and their family members whose private telephone records were secretly obtained as part of Hewlett-Packard's boardroom surveillance scheme sued the technology giant and two former executives.
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Broadcaster CBS settled its termination dispute with fired radio shock jock Don Imus Tuesday, a possible step toward Imus reviving his multimillion-dollar career with a rival broadcaster.
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Johnson & Johnson, the pharmaceutical giant which uses a Red Cross as its trademark, filed a lawsuit Wednesday against the American Red Cross, demanding that the charity halt the use of the red cross symbol on products it sells to the public.